GREY:DRGDF - Post by User
Comment by
Terrebonneon Jun 12, 2017 3:09pm
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Post# 26353589
RE:brains
RE:brains KPMG's March 21, 2017 audit report refers to "the existence of a material uncertainty that may cast doubt about the Company's ability to continue as a going concern". The last paragraph of Note 2 in the company's March 31, 2017 financials makes the same statement. Independent auditors and corporations do not make such statements lightly. I'm not suggesting that the banks will allow DGC to go belly up. Quite the contrary, the banks have too much to lose if DGC goes belly up. My point is this: The banks have a lot of clout in DGC's debt restructuring negotiations, and I would expect they will exact a significant pound of flesh that will manifest itself in future financial statements as higher interest expense and bank charges.